Countdown Tuesday- Momentous Vote To Soon Pass, Then Fail at Accomplishing Anything; Riots Erupt as Tensions Rise, General Strike in Effect; Bank of England Prepares for Greek Default; PayPal Announces it Will Close U.S. Money Market Fund; Now Four Nuclear Events in the U.S.; Reactor 2 Cooling System Pumps Fail in NJ, Hot Shutdown; Human Chain Used to Fuel Generators in Ft. Calhoun; Surprise! Consumer Confidence Plummets to 7 Month Low; Devastating Fungus Impacting Wheat Across MENA; Inflation Says Hello; Much More

Update 2: Remember the SPR oil release that was somehow magically going to bring the price of oil down to normal levels? Check oil spot. Up almost 2.5% to $92.66pb. Can you say "fail" and on the tax payer's dime?

Main ArticleWith the circus in Fukushima just heating up for the big event, let's not forget the other freakshow sideshow events that have just turned the neon lights on.

In Greece, the countdown to the momentous vote, which will certainly pass, has caused the people to revolt. Those who can see the handwriting on the wall know there are only two outcomes to this event - and both of them end very badly for Europe.

When the vote passes, Greece will be sold off piece by piece to corrupt banksters and other nations (read: China) while severe austerity measures are implemented. The people will protest and riots will erupt across the nation, effectively shutting down the economy. In turn, those overly optimistic GDP "growth" figures the gov't is predicting for 2013 and beyond will never be attained. Thus, this entire show, is simply more radioactive smoke in a mirror filled room.

The other outcome which is highly unlikely, is one whereby if the vote did not pass for some reason, the banksters would moan and groan about bond haircuts, but Greece would leave the EU and return to the Drachma. The Drachma would be set at a value roughly half the current value of the Euro which would give Greece a more competitive currency - one that could compete against other nations. Of course, after analyzing what Greece needed all along, one can see the Euro monetary union was never meant to be. How a group of academics dreamed up this plan without considering the most basic, fundamental factors is beyond us. Then again, being that it waspoison Ivy League academics who concocted this (Dis)Union, explains it all. Ask yourselves, can entirely different nations, with entirely different work ethics, with entirely different social/psychological structures, in entirely different climatic regions really work in union? The answer is obvious.

The BBC is reporting that the Bank of England is planning for a contingency plan in the given event of a Greek default. Certainly this is prudent of them in light of the obvious. Certainly, it would be prudent for all individuals to have in place, a full contingency plan for the "probably inevitable" possibility. Remember, shiny metal is not only used for jewelry.

That's three. The fourth? We get news that the New Jersey Salem reactor 2 has had failure of the cooling pump, and has been forced into "hot shutdown;" not to be confused with cold shutdown. But have no fear or worries. Everything is ok. All four "unusual events" are ok. What's your contingency plan in the case of nuclear meltdowns across the U.S.?

In other news, U.S. consumer confidence has "unexpectedly" plummeted to a 7 month low. Obviously this is a direct result of the "green shoots" of an economic recovery. Remember, there is no inflation. And if there was, Dr. Deficit could fix everything in 15 minutes. Of course, he can't fix "unexpected" bullish global disasters like earthquakes, nuclear meltdowns, food shortages and plagues.

Speaking of plagues, a devastating wheat fungus impacting 11 countries in Africa and the Middle Eastwill take years of work to save the world's wheat. Somehow, we don't think this is deflationary, despite being bullish for the economy, like all other major disasters. Have you seen the price of cereal lately? Better still, have you seen the price of coffee lately? Corn? Dairy? Cotton? Anything that you buy on a regular basis and depend on for survival?

Finally, as the day progresses, keep an eye on European banks (especially German, Italian and French banks) which have absurd levels of exposure to Greek debt, which in turn have exposure to Too Big To Fail, To Corrupt To Fix, banks in the U.S. in one big death spiral pig with lipstick. Don't worry though - Justin Bieber said the economy is going to pick up in the second half of 2011.